Villar-led property developer Vista Land & Lifescapes (VLL) has returned to the offshore bond market, raising $200 million to refinance older debt.

Through offshore unit VLL International, the property group launched an overseas offering of seven-year senior guaranteed notes that were priced to yield 7.25 percent per annum, VLL disclosed to the Philippine Stock Exchange on Tuesday.

VLL International has executed a subscription agreement with Credit Suisse (Singapore) Ltd., DBS Bank Ltd., and The Hongkong and Shanghai Banking Corp. Ltd. as managers for the offer, sale and issuance of these $200 million notes due 2027.

This is part of VLL’s $2-billion medium term note program.

BDO Capital & Investment Corp. and China Bank Capital Corp. acted as domestic lead managers for the issuance of the notes.

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